Luxembourg for Finance and the Toronto Financial Services Alliance (TFSA) have agreed to establish a partnership framework to develop their respective financial services industries.
The agreement contains provisions regarding the mutual exchange of research and information on banking, financial services, securities legislation and regulation in the respective jurisdictions, and on market trends in relevant international financial services activities and products.
Examples include the continued development of each jurisdiction as a hub for renminbi trading, Islamic finance and financial technology.
Seminars and training courses will also be organised through the partnership, as well as facilitating contacts for market operators, university institutions, and financial delegations. Future staff exchanges may also be explored.
The deal was signed by Luxembourg for Finance CEO Nicolas Mackel, and Janet Ecker, president and CEO of the Toronto Financial Services Alliance.
